Author: The Motley Fool
Over the very long term, the stock market has been one of the world’s greatest and most consistent wealth creators. But over the past couple of years, cryptocurrencies have run circles around every major stock market index. As an example, the broad-based S&P 500 has surged higher by slightly more than 100% since hitting its pandemic low in March 2020. By comparison, the aggregate value of all digital currencies is up almost 1,300% over the same time frame, as of early morning, Jan. 20. Shiba Inu has delivered life-altering gains in a very short time frame According to data from CoinMarketCap.com, a SHIB token…
Bitcoin, the biggest cryptocurrency on the market, has bitten the dust so far in the new year. So has the best-performing digital token in 2021, Shiba Inu. It’s not their fault. Cryptocurrency prices, in general, have fallen significantly in recent days. But not all of them. Here are two cryptocurrencies that have trounced Bitcoin and Shiba Inu during the current crypto crash. 1. Chainlink While Bitcoin and Shiba Inu have fallen so far this year, Chainlink has delivered an impressive year-to-date gain of close to 40%. It now ranks No. 16 on CoinMarketCap’s list of the top cryptocurrencies with a market cap of…
Many of the most-watched cryptocurrencies are seeing interest rebound today, as investors continue to digest macro data and adjust their portfolios according to the aggregate risk profile the market is comfortable with. Top tokens Bitcoin and Ethereum appreciated 1.8% and 3.5%, respectively, over the past 24 hours as of 11 a.m. ET. These moves generally aligned with the overall crypto market, which surged 3% higher over this same time frame. These moves also correlated with the price action we’ve seen in recent days, which shows Bitcoin as a lower-beta play relative to the overall market on up days and down days as well. For…
If you thought stock investors had a good 2021, take a closer look at how cryptocurrency investors fared. As of the very early hours of Dec. 31, the aggregate value of all digital currencies was $2.22 trillion. Based on where the crypto market began the year, we’re talking about an increase of more than 185%. Comparatively, the benchmark S&P 500 was higher by 27%. Cryptocurrencies running circles around the stock market has become a common theme in recent years. Although Bitcoin and Ethereum accounted for a significant portion of 2021’s nominal market-value gains, it was another cryptocurrency that captivated investors and set records. In the stock market, a…
Cryptocurrency is going mainstream, as evidenced by the large turnout at the recent NFT NYC conference. Indeed, increasing numbers of companies are accepting the digital money that takes the form of virtual coins or tokens. There are over 11,000 cryptocurrencies in existence, with more than 400 exchanges for such digital money, financial website Motley Fool reports. Roughly 14 percent of American adults own cryptocurrency and many more say they are planning to buy some. El Salvador recently made Bitcoin legal tender.. One of the hottest concepts in such circles is NFTs (non-fungible tokens). Indeed, Cointelegraph recently reported record numbers in Google searches for…
With the debunking of the delusion that inflation in the US economy is “transitory,” investors have become more serious about finding hedges against it. According to Motley Fool: “The rate of inflation has been raising alarm among investors recently as the Fed has gone into a printing frenzy. There have been calls to stop the printing rate but so far, it has continued, causing inflation rates to shoot up.” A growing chorus of voices have come out touting Bitcoin as a good hedge, including: Paul Tudor Jones. The billionaire investor said he views cryptocurrency as a better hedge against inflation than gold, mentioning Bitcoin…
Cryptocurrencies have risen a lot, but EV stocks like Magna International are just getting started. Cryptocurrencies and EV stocks are two of the hottest “growth” assets out there today. Bitcoin is up millions of percentage points since it was created in 2009, and EV stocks like Tesla (NASDAQ:TSLA) have also been delivering sky-high returns. Based on historical results, crypto has handily outperformed EV stocks. There are many cryptocurrencies that have risen by millions of percentage points, while the best EV stocks have only risen by a few thousand. On the flipside, there are plenty of cryptocurrencies that have totally died and are now…
If you follow any sort of financial news, you may be aware that a lot of investors have made serious money off cryptocurrency this year. And if you’d like to get in on the action, you may be considering adding cryptocurrency to your portfolio. Before you do, ask yourself these essential questions to see if that’s the right move for you. 1. Have I done my research? The term “cryptocurrency” encompasses thousands of digital coins. You may be more familiar with some of the popular ones like Bitcoin and Ethereum, but in reality, there are many, many options. Before you invest in cryptocurrency, research your choices…
Shiba Inu has delivered historic gains for cryptocurrency traders. A $10 investment in the pooch-styled coin just one year ago would already have you a millionaire after multi-million percentage point gains. The meme coin (literally and figuratively) is arguably the hottest digital currency as increasing numbers of crypto exchanges add SHIB to their listings. The enhanced liquidity further fuels its ability to draw in more buyers, who fear missing out on a Bitcoin-like boom. Yet is it really as valuable as the traders think, or have they duped themselves into allowing the tail to wag the dog? Below are the bull and bear arguments for…
Early Saturday morning, crypto markets plunged, with mega-cap cryptocurrencies Bitcoin and Ethereum losing altitude quickly, crashing by double-digit percentages in less than an hour. This led to a market-based sell-off, which included top web3 and DeFi cryptocurrency, Polkadot. As of 11pm ET, Polkadot had lost 9.8% of its value, over the past 24 hours. So whatPolkadot’s decline on Saturday generally fell in line with the broader market move. That said, Polkadot did recover approximately 17% from its lows at the time of writing, indicating strong investor support for this web3 cryptocurrency. Polkadot got its start as a flagship project by…